LOS ANGELES, Dec. 22, 2014 /PRNewswire/ -- One of the keys to
the continued growth of the legal marijuana industry will be the
implementation and standardization of controls and compliance
mechanisms that assure proper amounts of cannabis are dispensed and
only to authorized customers. According to Self Service News
Magazine, the vending industry may be a key driver in the marijuana
industry's expansion.
"The idea of an automated marijuana-dispensing machine is no
longer a fantasy. In fact, automated dispensing systems are now
being seen as a cornerstone of the fast rising legal cannabis
industry," the publication reports.
"By automating the identification, purchasing, and dispensing
processes, legally operating cannabis dispensaries can reduce
concerns about security, cash management, storage, and
authenticating identification, while at the same time reducing time
and labor expense.
Several companies have already introduced such machines,
including MedBox Inc.'s (MDBX) devices, American Green Inc.'s
(ERBB) ZaZZZ, and Endexx Corp's. (EDXC) Autospense. The
manufacturer of some of these machines and the co-developer of some
of the design and high tech security features is AVT, Inc.
(AVTC).
According to published reports, Endexx worked with a law firm
focused on the cannabis industry, and received an opinion letter
supporting the legality of these machines. Soon thereafter, the
State of Colorado Marijuana Enforcement Division stated that
installing the machine was legal, and requested an inspection to
take a closer look. That inspection is scheduled to be completed
within a few weeks and should allay any concerns that the systems
may not be fully compliant for use in the medical and adult-use
cannabis industry.
In June, the company announced a 100-day pilot program to test
for compliance and tracking integration under Colorado's MED regulations. The program will
collect measurable data on dispensary clients' behavior, market
test adoption drivers, and collect valuable intelligence on whether
the technology improved profitability by offsetting labor costs,
improving inventory, and eliminating waiting times.
"Automated dispensing systems are now being seen as a
cornerstone of the fast rising legal cannabis industry," Self
Service News reported. "AVT, with a 15-year track record in the
vending industry, is one of the leading companies with experience
in designing and building these types of automated storage and
dispensing systems."
"As the marijuana industry continues to grow, we expect that
these companies and others in the vending industry will play a
significant role in the future of this fast rising market
sector."
Forward Looking Statements
This document contains forward-looking statements within the
meaning of federal securities laws. Matters discussed in this
article contain forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to
differ materially from any future results, performance or
achievements expressed or implied by such statements. We do not
take any obligation to update any forward-looking statement to
reflect events or developments after a forward-looking statement
was made.
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SOURCE AVT, Inc.